Sold IWM July $117/112 bull put spread

Market dropped less than half of yesterday’s big rise. Since my overall stance on market is slightly bullish, I decided to take the opportunity to sell IWM bull put spreads if the put options look appealing. My next levels of support of IWM, along with its uptrend lines are shown in the image below as $122.5, $120.5, $118.5. The July short strike $117 of 50DTE has a delta of 0.19 which fits my short option selection criteria and it’s below multiple support levels. Thus, I sold July$117/112p vertical spread for $0.54 which also met my 10% return requirement. With 2 positions open, I still have power to enter another one for the portfolio.